Ready To Drink Cocktails Market Worth to Reach USD 1573.68 MN By 2027
Posted On May 24, 2021
The Global Ready To Drink Cocktails Market report evaluates the market revenue to reach USD 1573.68 MN mark in 2027. The CAGR is expected to be close to 12.5% from 2021 till the end of 2027 according to the newly published report by Value Market Research. The rising trend of at-home cocktail culture and the busy lifestyle of modern-day consumers are the trending factors for the ready-to-drink cocktail market. The great convenience offered by these beverages for use in the biggest stadiums to the smallest of restaurants, hotels, and airlines and reduced expenses and timesaving will benefit market growth. These beverages are extensively adopted in restaurants and bars that are aware of the health and safety benefits in minimizing or eliminating reusable glassware and dinnerware and are forced to reduce labor costs. Brands offering 'healthier options like low-alcohol, low-carb, gluten-free, and prepared from natural or organic ingredients will be a market booster. The various health issues associated with alcoholic beverages will be the primary constraint of the market.
Ready to drink cocktails are canned alcoholic beverages that are either spirit with or without other ingredients like fruit juice, flavored syrup, or cream. These RTD cocktails don't require preparation and can be chilled, opened, poured, and served. There is an infinite range of RTDs available, with various bases, flavors, colors, and containers. RTD cocktails offer more effortless, more accessible alternatives for people interested in at-home bartending and who don't have much cocktailing experience or confidence. These cocktails are also an excellent choice for people looking to socialize while maintaining health and safety standards, like minimizing contact and staying indoors.
The market dynamics covered in the report "Global Ready To Drink Cocktails Market Report By Type (Malt-Based, Spirit-Based, Wine-Based), By Packaging (Bottle, Cans), By Distribution Channel (Supermarkets/Hypermarkets, Online, Liquor Stores) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of type the market is segmented into Malt-based, Spirit-based, Wine-based. By packaging the ready to drink cocktails market is categorised as Bottle, Cans. By distribution channel the ready to drink cocktails market is categorised as Supermarkets/Hypermarkets, Online, Liquor Stores. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Ready To Drink Cocktails Market -
By Distribution Channel
- Liquor Stores
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Diageo, Pernod Ricard, Asahi Group Holdings, Ltd., Shanghai Bacchus Liquor Co., Ltd., Manchester Drinks, Brown-Forman, Bacardi Ltd., Halewood Wines & Spirits, Suntory Holdings Ltd., Simple Skiff Beverages, LLC, and Molson Coors.
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